The MOF has recently approved the opening of three offices by KPMG Huazhen (Special General Partnership) in Chengdu, Xiamen and Qingdao. Localisation has been one of the basic strategies of KPMG China’s operations.

The award recognises a select number of leading professional firms and advisers that have performed to exceptional levels, even during the most difficult period that the global economy has experienced for decades.

The content is based on the responses of 213 senior business decision-makers across five key countries: Australia, China, Indonesia, the Philippines and Singapore. It analyses the state of D&A maturity across the Asia-Pacific region.

History

KPMG was formed in 1987 with the merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG) and their individual member firms. With a rich history, spanning three centuries, the organization's background can be traced through the names of its principal founding members - whose initials form the name "KPMG."

Pis for Peat. William Barclay Peat founded the accounting firm William Barclay Peat & Co. in London in 1870.

Mstands for Marwick. James Marwick founded the accounting firm Marwick, Mitchell & Co. with Roger Mitchell in New York City in 1897.

Gis for Goerdeler. Dr. Reinhard Goerdeler was for many years chairman of Deutsche Treuhand-Gesellschaft and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger.

The history of KPMG internationally

In 1911, William Barclay Peat & Co. and Marwick Mitchell & Co. joined forces to form what would later be known as Peat Marwick International (PMI), a worldwide network of accounting and consulting firms.

In 1979, Klynveld joined forces with Deutsche Treuhand-Gesellschaft and the international professional services firm McLintock Main Lafrentz to form Klynveld Main Goerdeler (KMG).

In 1987, PMI and KMG and their member firms joined forces. Today, all member firms throughout the world carry the KPMG name exclusively or include it in their national firm names.

The history of KPMG China

The presence of KPMG China can be traced back to 1945. When Hong Kong was occupied in December 1941, the head office of the Hongkong and Shanghai Bank was transferred to London. Peat Marwick Mitchell & Co of London, one of the banks' auditors was asked to assist in preparing the bank's accounts. After the war, by which time Peat Marwick Mitchell & Co was co-auditor, the bank's head office returned to Hong Kong. In order to maintain staff continuity on the audit and at the request of the bank's Chief Manager (Sir Arthur Morse), Peat Marwick Mitchell & Co established a presence in Hong Kong.

The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.